Block Inc., the payments company led by Jack Dorsey, seeks to settle money laundering charges with New York

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Cointime2025/02/26 07:33

By:Cointime

Block Inc., a payment company led by Jack Dorsey, is in negotiations with the New York State regulatory agency to resolve allegations related to its anti-money laundering (AML) and Bitcoin projects. According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on February 24, Block is in "ongoing discussions" with the New York State Department of Financial Services (NYDFS), covering various aspects such as "bank secrecy/anti-money laundering and Bitcoin projects."

The company stated that it is in talks with NYDFS to determine if a settlement can be reached on acceptable terms. Additionally, the filing mentions that Block is currently facing multiple legal, regulatory, and tax-related matters, including settlements, ongoing discussions, and investigations.

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